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AlΞx Wacy 🌐
@alexwacy
BTC has only one more halving to show its power, excluding halving 2024. 2032 halving will reduce rewards by 8x compared to current levels. Can say the price will drop by 8x: $35k/8=$4375 For big companies, the production cost of 1 BTC is ~$15k. Price must reach $280k by 2032 for miners to sustain current earnings.
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Vinh Vo
@kidscity
How the BTC less the price drop lower ? The BTC will be hard for miner, and the fee to mine is more expensive. So in 2032 people don’t need BTC anymore??
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AlΞx Wacy 🌐
@alexwacy
In this case, the cost of mining will not be recouped. But there are many nuances here, these are fuzzy calculations. In 2032 BTC should be above 100k for mining to still make money (Provided there are fewer miners)
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Vinh Vo
@kidscity
Thanks bro. Understood clearly ;)
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